Burke & Herbert Financials
This page shows Burke & Herbert (BHRB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Equity rebuilding is gradually reducing balance-sheet leverage after a sharp expansion in the asset base.
Cash conversion changed character: in FY2024, operating cash flow exceeded net income, but in FY2025 net income exceeded operating cash flow, while free cash flow stayed below operating cash flow in both years. The rebound therefore produced less cash per reported profit than the prior year, with reinvestment still absorbing part of operating cash.
Scale came with a stronger capital base: total assets rose from
Profit recovery outpaced operating-cost movement: net income climbed from
Financial Health Signals
Burke & Herbert does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Burke & Herbert passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Burke & Herbert generates $0.92 in operating cash flow ($107.9M OCF vs $117.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Burke & Herbert reported $117.3M in net income in fiscal year 2025. This represents an increase of 228.5% from the prior year.
Burke & Herbert earned $7.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 173.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Burke & Herbert generated $96.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 18.5% from the prior year.
Burke & Herbert held $289.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Burke & Herbert paid $2.20 per share in dividends in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Margins & Returns
Burke & Herbert's ROE was 13.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Burke & Herbert invested $11.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 156.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
BHRB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $93.5M+82.0% | $51.4M | N/A | $48.1M-2.5% | $49.3M-0.7% | $49.7M | N/A | $50.8M |
| Interest Expense | $43.9M+30.7% | $33.6M | N/A | $37.4M-0.5% | $37.6M-0.5% | $37.8M | N/A | $45.3M |
| Income Tax | $2.5M-57.6% | $6.0M | N/A | $7.0M-3.4% | $7.3M+29.1% | $5.6M | N/A | $5.2M |
| Net Income | $9.5M-65.3% | $27.3M | N/A | $30.0M+0.2% | $29.9M+9.9% | $27.2M | N/A | $27.6M |
| EPS (Diluted) | $0.50-72.1% | $1.79-9.6% | $1.98+0.5% | $1.970.0% | $1.97+9.4% | $1.80+20.8% | $1.49-18.1% | $1.82 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
BHRB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.0B+38.6% | $7.9B+0.1% | $7.9B+0.4% | $7.9B-2.0% | $8.1B+2.7% | $7.8B+0.3% | $7.8B-0.7% | $7.9B |
| Cash & Equivalents | $167.2M+140.2% | $69.6M-75.9% | $289.1M+119.5% | $131.7M-59.5% | $325.1M+118.4% | $148.8M+10.0% | $135.3M-53.6% | $291.8M |
| Goodwill | $118.3M+226.4% | $36.3M+6.2% | $34.1M0.0% | $34.1M0.0% | $34.1M+4.0% | $32.8M+0.2% | $32.8M0.0% | $32.8M |
| Total Liabilities | $9.8B+38.6% | $7.1B0.0% | $7.1B0.0% | $7.1B-2.8% | $7.3B+2.7% | $7.1B0.0% | $7.1B-0.6% | $7.1B |
| Total Equity | $1.2B+39.1% | $864.5M+1.2% | $854.6M+3.9% | $822.2M+5.4% | $780.0M+2.9% | $758.0M+3.8% | $730.2M-1.1% | $738.1M |
| Retained Earnings | $533.9M-0.4% | $535.8M+3.6% | $517.1M+4.4% | $495.4M+4.5% | $474.0M+4.7% | $452.7M+4.3% | $434.1M+2.7% | $422.8M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
BHRB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $313K-98.8% | $26.5M-14.4% | $30.9M-21.3% | $39.3M+95758.5% | $41K-99.9% | $37.6M-51.0% | $76.9M+60.8% | $47.8M |
| Capital Expenditures | $2.2M+16.9% | $1.9M-28.7% | $2.6M-32.2% | $3.9M+13.1% | $3.4M+92.7% | $1.8M+504.8% | $294K-83.2% | $1.8M |
| Free Cash Flow | -$1.9M-107.6% | $24.6M-13.0% | $28.3M-20.1% | $35.4M+1146.6% | -$3.4M-109.4% | $35.9M-53.2% | $76.6M+66.3% | $46.0M |
| Investing Cash Flow | $210.1M+187.2% | -$241.0M-268.4% | $143.1M+1029.1% | -$15.4M-13.3% | -$13.6M-160.1% | $22.6M+128.6% | -$79.1M-313.8% | $37.0M |
| Financing Cash Flow | -$112.9M-2132.1% | -$5.1M+69.6% | -$16.6M+92.3% | -$217.3M-214.5% | $189.9M+506.4% | -$46.7M+69.7% | -$154.2M-3017.1% | -$4.9M |
| Dividends Paid | $11.3M+33.1% | $8.5M+0.1% | $8.5M0.0% | $8.5M+0.1% | $8.5M+0.2% | $8.5M+0.1% | $8.5M+3.8% | $8.1M |
Not reported in any period shown, so not listed: Share Buybacks.
BHRB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | 0.8%-2.4pp | 3.2% | N/A | 3.6%-0.2pp | 3.8%+0.2pp | 3.6% | N/A | 3.7% |
| Return on Assets | 0.1%-0.2pp | 0.3% | N/A | 0.4%0.0pp | 0.4%0.0pp | 0.4% | N/A | 0.4% |
| Debt-to-Equity | 8.140.0x | 8.17-0.1x | 8.27-0.3x | 8.59-0.7x | 9.320.0x | 9.34-0.4x | 9.700.0x | 9.66 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
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Frequently Asked Questions
Is Burke & Herbert profitable?
Yes, Burke & Herbert (BHRB) reported a net income of $117.3M in fiscal year 2025.
Does Burke & Herbert pay dividends?
Yes, Burke & Herbert (BHRB) paid $2.20 per share in dividends during fiscal year 2025.
What is Burke & Herbert's return on equity (ROE)?
Burke & Herbert (BHRB) has a return on equity of 13.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Burke & Herbert's free cash flow?
Burke & Herbert (BHRB) generated $96.2M in free cash flow during fiscal year 2025. This represents a 18.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Burke & Herbert's operating cash flow?
Burke & Herbert (BHRB) generated $107.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Burke & Herbert's total assets?
Burke & Herbert (BHRB) had $7.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Burke & Herbert's capital expenditures?
Burke & Herbert (BHRB) invested $11.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Burke & Herbert's debt-to-equity ratio?
Burke & Herbert (BHRB) had a debt-to-equity ratio of 8.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Burke & Herbert's return on assets (ROA)?
Burke & Herbert (BHRB) had a return on assets of 1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Burke & Herbert's Piotroski F-Score?
Burke & Herbert (BHRB) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Burke & Herbert's earnings high quality?
Burke & Herbert (BHRB) has an earnings quality ratio of 0.92x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.